NEW YORK ( TheStreet) -- Idacorp (NYSE: IDA) hit a new 52-week high Thursday as it is currently trading at $41.17, above its previous 52-week high of $40.71 with 12,187 shares traded as of 9:35 a.m. ET. Average volume has been 409,300 shares over the past 30 days.

Idacorp has a market cap of $2 billion and is part of the utilities sector and utilities industry. Shares are up 9.2% year to date as of the close of trading on Wednesday.

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. The company has a P/E ratio of 14.1, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Idacorp as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Idacorp Ratings Report.

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